Ivy Tavern Property

Retail-Commercial for Sale
Catylist Listing ID: 30172682
Property Subtypes: Tavern/Bar/Nightclub
Building Size (RSF): 5,110 SF
Gross Building Area: See Agent
Sale Price: $1,000,000
Unit Price: $195.69 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/1/2018

Overview / Comments

The property is improved with a tavern, liquor store, and 2 rental apartments. The building was constructed in 1920+/-. It has masonry and vinyl siding exterior, a concrete foundation and a flat and gable roof surfaced with rubberized membrane and composite shingle. The front portion on the building consists of a 3,060+/- SF tavern & liquor store with seating for approximately 65+/- customers. There is a kitchen area that has a pizza oven for customers to either eat-in or take out. The pizza, as well as all food, is made fresh on-site. There is table seating for approximately 30+/- and bar seating for an additional 35+/- patrons. The flooring is primarily linoleum. The walls are gypsum board. Heating and cooling are both gas forced air. The rear portion of the building consists of two apartments; The first floor apartment has 2 bedrooms, a living room, kitchen and a basement. It has been rented to the same tenant for 10+/- years. Monthly income from the apartment is $1,000.00. The tenant pays their own utilities; the landlord pays sewer and water. The second floor of the building consists of one apartment with 2 bedrooms, a living room and a kitchen. There is also an attic which has been converted to a living room. The flooring is primarily linoleum and commercial grade carpeting. The walls are gypsum board. Rental income from this apartment is $1,200.00 per month. The tenant pays their own utilities; the landlord pays sewer and water. Heating for both apartments is gas radiator heat. Cooling is provided through individual window units. Electrical service to the building is single phase 200+/- amp. There is also a 400+/- SF detached garage which is used for storage.

Additional Details

Nearest MSA: Trenton
County: Mercer
Zoning: HIGHWAY COMMERCIAL
Zoning Description: Highway Commercial (HC): The district allows for the following uses among others: Restaurants, Bars, Tavern & Night Clubs, Banks, Bakeries. The complete zoning ordinance is available upon request.
Lot Frontage: 100
Lot Depth: 203
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,854 126,231 237,596
Median Age: 41.65 37.06 37.78
Households: 4,852 44,677 87,939
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.